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(516/517) Selected Interest & Exchange Rates Weekly Series of Charts July 22, 1985 Prepared by the FINANCIAL M A R K E T S SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS F E D E R A L RESERVE SYSTEM Washington, D.C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15.00 per year or $.40 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Division of Administrative Services, and make payment remittance payable to the order of the Board of Governors of the Federal Reserve System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE- LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1 9 7 3 = 1 0 0 RATIO SCALE MARCH 1 9 7 3 = 1 0 0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN CANADIAN DOLLAR SWISS FRANC GERMAN MARK DUTCH GUILDER - . I U K . POUND I FRENCH FRANC BELGIAN FRANC 100 I - ITALIAN LIRA - — 50 - \ A 80 40 I 70 35 60 50 / I I I I I 1983 I i l l 11 h i l l i 1985 I I I I I 1983 I IIlllI IIlllI - 30 25 1985 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM PERCENT PER Al — CANADIAN DOLLAR ITALIAN LIRA — - 0 - 6 I I I I I I I 6 U. K. POUND DUTCH GUILDER + 0 JLL 6 I I I I I I 12 GERMAN MARK - / SWISS FRANC \ - 6 0 I I I I I I I I I II III I I I 8 FRENCH FRANC + 0 JAPANESE YEN 8 16 24 32 I 1983 1985 I LLLLL ill I 1983 1985 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 600 600 560 - 520 - 480 - - 560 - 520 - 480 - 440 12.5 Kg BARS AFTERNOON FIXING PRICE 440 400 400 360 - 320 280 I I I I I I I I I I I 240 1982 1983 1984 - 360 - 320 - 280 240 1985 CHART 4 CALL MONEY RATES WEEKLY SERIES :NT PER ANNUM PERCENT PER Al 24 20 16 FRANCE U. S. FEDERAL FUNDS 12 8 4 0 24 20 16 SWITZERLAND CANADA L - - 12 8 4 ~ - + 0 I 4 I I I I I 20 16 12 - GERMANY 8 UWwix 4 NETHERLANDS I 0 1983 1985 I I I I 1983 I 1985 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PERCENT PER ANH T PER ANNUM 18 16 l U.S. CD'S - CANADIAN FINANCE CO. PAPER \ 14 12 - 1 J WEIGHTED AVERAGE FOREIGN RATE M \ 10 - 8 n i l i h i l l i 12 - GERMAN INTERBANK RATE U.K. INTERBANK STERLING 10 - 8 6 I I I 1 1 4 1 11 FRENCH INTERBANK RATE —\ /\A NETHERLANDS INTERBANK RATE - 9 7 5 I I I 1 1 1 3 i l l ii h i l l i 10 JAPANESE GENSAKI RATE A SWISS INTERBANK RATE - 8 6 4 JLLLL I L L L 1983 1985 2 1983 1985 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PERI PERCENT PER PER ANNUM 24 20 16 OVERNIGHT 12 8 4 24 20 6-MONTH 16 12 8 4 24 20 16 12 8 4 1-MONTH CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U . S . AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 20 20 18 18 16 - 14 16 FEDERAL FUNDS 14 3-MONTH D A S H E D LINE E U R O - D O L L A R DEPOSITS 12 12 10 10 9 0 - D A Y CD' S OVERNIGHT EURO-DOLLAR I I DEPOSITS I I I I I I I I I I M I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 4 3 DIFFERENTIAL DIFFERENTIAL - - I I I I I I I I I I I I I I I I I I I I I 19R3 19*5 II I II I II I I I I I I I I I I I I I I CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY NT PER ANNUM PERCENT PER Ah 22 22 18 18 14 h \ EURO-DOLLAR DEPOSITS V DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED 14 10 10 INTERBANK STERLING 6 6 COVERED LONDON U. S. COMMERCIAL PAPER I 2 I I I,, |,, 2 4 2 DIFFERENTIAL DIFFERENTIAL 2 t + / v W v f + 0 ~ y V \ y ^ 0 2 2 4 22 22 18 18 14 14 SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT 10 10 EURO-DOLLAR DEPOSITS 6 6 EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE II I I 2 2 2 2 DIFFERENTIAL DIFFERENTIAL + 0 In / V V Y a t W " 2 1 1 & A — II a + 0 A jk A \ / V ^ x 1 1 1 1983 1985 1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON R A T E S C A L E 1 1 1 1983 1 Mlllhlll, 2 1985 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PERCENT PER 19 19 UNITED STATES 15 CANADA 15 11 11 7 7 15 9 UNITED KINGDOM - SWITZERLAND - 5 11 - - 7 13 1 13 MONTHLY - JAPAN GERMANY - 9 9 - 5 5 22 22 U. S. CORPORATE MONTHLY 18 18 FRANCE Aaa BONDS 14 14 NETHERLANDS MONTHLY 10 10 6 6 1983 1985 1983 1985 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO SCALE 1969=100 UNITED STATES UNITED KINGDOM NETHERLANDS FRANCE GERMANY SWITZERLAND CANADA JAPAN 1983 1985 1983 1985 SERIES CHART 1 . LAST VALUE PLOTTED DATE VALUE NAME SPOT EXCHANGE BATES AND I N D I C E S WEEKLY AVERAGES, NOON BUYING BATES (U.S. CENTS) GERMAN MARK J A P A N E S E YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA INDICES, MARCH 1 9 7 3 BASE RATES = WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , &G-10 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER 0 . K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 3-MONTH FORWARD EXCHANGE R A T E S , CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA 17 17 17 17 17 17 17 17 17 17 34.70 0. 41810 30.84 139.06 74.01 11.42 41.82 1.72363 0.05352 1 1.89 JULY JULY JULY JULY JULY JULY JULY JULY JULY 17 17 17 17 17 17 17 17 17 97.62 109.47 88.52 5 6 . 25 7 3 . 76 51.47 134.55 67.92 30.40 17 17 17 17 17 17 17 17 17 17 17 1 3 9 . 74 133.13 14 8 . 6 2 116.33 7 0. 86 9 5.68 63.96 177.94 87.81 36.85 6 7 . 64 17 17 17 17 17 17 17 17 -1.43 -3.98 2.85 -2.42 2.93 1.52 1.59 - 5 . 60 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA CHART 2 . JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY MAR 1 9 7 3 = 100 JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY PREMIUM OR DISCOUNT JULY JULY JULY JULY JULY JULY JULY JULY SERIES CHART 3 . GOLD P R I C E I N LONDON, AFTERNOON F I X I N G U.S. 4. LAST VALUE PLOTTED DATE VALUE NAME DOLLARS PER F I N E OUNCE v.. EURO-DOLLAR DEPOSIT RATES: JULY JULY JULY JULY JULY JULY JULY JULY JULY 17 17 17 17 17 17 17 17 17 7. 77 7 . 65 12.50 9. 45 5 . 18 6 . 21 9.92 6. 55 1. 8 5 JULY JULY JULY JULY JULY JULY JULY JULY JULY 17 17 17 17 17 17 17 17 17 7. 5. 6. 9. 12. 5. 10. 6. 8. JULY JULY JULY JULY JULY JULY 17 17 17 17 17 17 7 . 65 7.71 7.71 7.81 7 . 94 8 . 30 SELECTED EURODOLLAR 59 31 29 40 08 02 06 25 20 LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 318.52 3-MONTH I N T E R E S T RATES U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN J A P A N E S E GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STERLING S W I S S INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK PATE WEIGHTED AVERAGE FOREIGN I N T E R E S T RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . 17 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR D E P O S I T S U.K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND CHART 5 . JULY AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS DIFFERENTIAL JULY JULY JULY 17 17 17 7. 65 7. 77 - 0 . 12 3-MONTH EURO-DOLLAR D E P O S I T RATE U . S . 9 0 - D A Y C D ' S , SECONDARY MARKET DIFFERENTIAL JULY 17 JULY 17 JULY 1 7 7 . 81 7 . 59 0 . 22 LAST VALUE PLOTT DATE VALUE S E R I E S NAME CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G (LONDON), COVERED DIFFERENTIAL JULY JULY JULY 17 17 17 7 . 81 7. 97 - 0 . 16 U . S . COMMERCIAL PAPER CANADIAN FINANCE P A P E R , DIFFERENTIAL JULY JULY JULY 17 17 17 7 . 48 7 . 94 - 0 . 46 JULY JULY JULY 17 17 17 7. 81 8 . 20 - 0 . 38 JULY JULY JULY 17 17 17 7 . 81 7. 99 - 0 . 18 JULY JULY JAN. JULY JULY MAY DEC. JULY 12 12 1 0 . 12 6 . 68 6 . 29 4. 83 10. 66 1 1. 9 0 7. 72 10. 01 COVERED EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F O R T ) , DIFFERENTIAL COVERED EURO-DOLLAR D E P O S I T S W I S S INTERBANK, COVERED DIFFERENTIAL . CHART 9 . LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS (MONTHLY) UNITED KINGDOM U.S. 12 CORPORATE AAA BONDS CHART 1 0 . 12 5 17 APRIL 12.23 STOCK I N D I C E S UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN JULY 10 JULY 1 0 JULY 10 JULY 10 JULY 10 JULY 10 JULY 10 JULY 10 19 5 . 60 20 2 . 51 2 7 0 . 89 20 2 . 7 4 153.58 2 1 7 . 75 217.55 2 8 0 . 41 FEDERAL RESERVE statistical release • f<Al Rtsfc. • ' JOLT 1 9 , H.10 (612) 1985 FOREIGN EXCHANGE RATES FOB THE SEEK ENDING JOLT 1 9 , 1985 The Board of Governors of the Federal Reserve System Is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rates In New York City for cable transfers payable In foreign currencies: COVNTBT MONET ART UNIT DOLLAR •AUSTRALIA SCHILLING AOSTBIl FRANC BELGIUM CBUZEIBO BRAZIL DOLLAR CANADA TOAN CHINA,P.H. KRONE DENHABK MABKKA FINLAND FRANC FRANCE MARK GERHANT DRACHMA GREECE DOLLAR HONG KONG ROPEE INDIA POOND •IBELAND SHEKEL ISRAEL LIRA ITALT TEN JAPAN RINGGIT MALATSIA PESO MEXICO GUILDER NETHERLANDS DOLLAR •NEW ZEALAND KRONE NOBWAT PESO PHILIPPINES BSCUDO PORTUGAL DOLLAR SINGAPORE RAND •SOOTH AFRICA WON SOOTH KOREA PESETA SPAIN ROPEE SBI LANKA KRONA SWEDEN FRANC SWITZEBLAND DOLLAR TAIWAN BAHT THAILAND *0NITED KINGDOM POOND BOLIVAR VENEZUELA MEMO: #UNITED STATES DOLLAR JOLT 15 70.48 20.230 57.940 6200.00 1.3505 2.8736 10.3680 6.0350 8.7500 2.8785 130.500 7.7500 11.9700 109.02 NA 1865.00 237.65 2.4645 345.0000 3.2410 49.150 8.3780 NA 167.700 2.2080 52.20 875.20 165.800 27.313 8.4200 2.3935 40.050 26.830 138.90 NA 139.56 1 9 7 8 FEDERAL RESERVE BULLETIN. •VALUE I S U . S . CENTS rORRENCT ONTTS PER DOLLAR) JOLT 1 7 JOLT 16 JOLT 18 JOLT 19 1.3519 2.8736 10.3725 6.0280 8.7600 2.8855 130.100 7.7325 11.9400 108.65 NA 1871.00 237.90 2.4640 3 5 7 . 0 000 3.2460 49.950 8.3700 NA 168.500 2.2050 52.50 875.00 166.730 27.313 8.4060 2.3935 NA 26.720 138.70 NA 7 1 . 38 19.930 5 7 . 110 6240.00 1.3473 2.8736 10.2170 5.9495 8.6160 2.8370 127.900 7.7290 11.8300 110.40 NA 1842.00 236.50 2.4600 359.0000 3.1925 49.750 8.2700 NA 165.750 2. 1925 53.50 875.00 163.650 27.313 8.3185 2.3350 40.050 27.830 141.12 NA 7 1 . 27 20.220 57.800 6260.00 1.3485 2.8649 10.3360 6.0155 8.7275 2.8740 130.300 7.7300 11.8200 109.10 NA 1864.00 238.20 2.4700 365.0000 3.2380 50.100 8.3270 NA 167.500 2.2100 53.05 874.80 165.500 27.262 8.3740 2.3690 40.050 26.730 140.45 NA 71.65 20.280 58.600 6280.00 1.3481 2.8764 10.4000 6.0300 8.8800 2.8990 130.000 7.7525 11.9000 107.50 NA N» 238.75 2.4670 374.0000 3.2525 50.630 8.4000 NA 168.000 2.2040 52.70 875.40 169.000 27.268 8.4300 2.3780 40.060 26.850 139.90 NA 139.77 137.83 139.18 142.10 70.98 20.310 58.060 6220.00
@FedFRASER